Civic Intelligence

Lotus Educational Foundation Inc.

990EZ • Fiscal year 2023 • EIN 37-1462953

Jan 01, 2023 to Dec 31, 2023 • Filed on Apr 11, 2024

Organization ProfileN/A
1131 S De Anza BlvdSan Jose, CA 95129

(408) 446-8398

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on this filing.

Source year 2023

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2023

Net Margin

1st percentile

-1827%

Higher net margin than 1% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Top Officer Pay

78th percentile

$0

Higher top officer pay than 78% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Asset Growth

7th percentile

-65%

Faster asset growth than 7% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Revenue Growth

99th percentile

3603%

Faster revenue growth than 99% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / AssetsScore unavailable

Assets

Down

$21,195

Down $39,243 (-65%) from 2022

Net Assets

Down

$21,195

Down $39,243 (-65%) from 2022

Liabilities

-

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / RevenueScore unavailableNet Margin1st percentile

Revenue

Up

$2,148

Up $2,090 (+3603%) from 2022

Expenses

Up

$41,391

Up $30,592 (+283%) from 2022

Net Income

Down

-$39,243

Down $28,502 (-265%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth7th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$100K$50K$0Assets 2016: $95,541Liabilities 2016: $4,909Net Assets 2016: $90,6322016Assets 2020: $69,850Liabilities 2020: $2,000Net Assets 2020: $67,8502020Assets 2022: $60,438Net Assets 2022: $60,4382022Assets 2023: $21,195Net Assets 2023: $21,1952023Assets 2024: $69,690Net Assets 2024: $69,6902024

Highlighted filing

2023

Assets$21,195
Liabilities-
Net Assets$21,195
Open 2023 Filing

Operations Trend

Revenue Growth99th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$100K$50K$0-$50KRevenue 2016: $45,436Expenses 2016: $48,133Net Income 2016: -$2,6972016Revenue 2020: $0Expenses 2020: $24,850Net Income 2020: -$24,8502020Revenue 2022: $58Expenses 2022: $10,799Net Income 2022: -$10,7412022Revenue 2023: $2,148Expenses 2023: $41,391Net Income 2023: -$39,2432023Revenue 2024: $76,830Expenses 2024: $28,335Net Income 2024: $48,4952024

Highlighted filing

2023

Revenue$2,148
Expenses$41,391
Net Income-$39,243
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Apr 11, 2024
Return Version
2023v5.0
Gross Receipts
$2,148
Mission and Program Overview

Mission

Expand appreciation of Chinese culture and language

Program Services

DescriptionGrantsExpenses
Expand appreciation of Chinese culture and language--
Compensation and Service Providers
Top Officer Pay78th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Patrick TsaoPresident-$0--
Filing and Contact Details

Filer

Filer Name
Lotus Educational Foundation Inc
EIN
37-1462953
Phone
4084468398
Address
1131 S De Anza Blvd, San Jose, CA 95129

Signing Officer

Name
Patrick Tsao
Title
President
Signed
2024-04-11
Discuss with paid preparer
Yes

Preparer

Firm
Harvey A Armas CPA
Address
1186 W Shaw Suite 101, Fresno, CA 93711
Preparer
Harvey Armas
Phone
5592240424
Supplemental Narrative

Additional Explanations

Other Expenses.1

“Charity Support $36500”

Other Expenses.2

“Educational $4080”

Other Expenses.3

“Bank Charges $111”

Raw XML Appendix128 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990EZ/ActivitiesNotPreviouslyRptInd0false
IRS990EZ/BooksInCareOfDetail/PersonNm0Patrick Tsao
IRS990EZ/BooksInCareOfDetail/PhoneNum04084468398
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt020922 Hanford Dr
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0Cupertino
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0CA
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd095014
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt060438
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt021195
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd0false
IRS990EZ/ContributionsGiftsGrantsEtcAmt0234
IRS990EZ/CostOfGoodsSoldAmt00
IRS990EZ/CostOrOtherBasisExpenseSaleAmt00
IRS990EZ/DonorAdvisedFndsInd0false
IRS990EZ/EngagedInExcessBenefitTransInd0false
IRS990EZ/ExcessOrDeficitForYearAmt0-39243
IRS990EZ/FeesAndOtherPymtToIndCntrctAmt0700
IRS990EZ/FiledScheduleAInd0true
IRS990EZ/ForeignFinancialAccountInd0false
IRS990EZ/ForeignOfficeInd0false
IRS990EZ/Form1120PolFiledInd0false
IRS990EZ/Form990TotalAssetsGrp/BOYAmt060438
IRS990EZ/Form990TotalAssetsGrp/EOYAmt021195
IRS990EZ/FundraisingGrossIncomeAmt00
IRS990EZ/GrossReceiptsAmt02148
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/InvestmentIncomeAmt01914
IRS990EZ/LobbyingActivitiesInd0false
IRS990EZ/MadeLoansToFromOfficersInd0false
IRS990EZ/MethodOfAccountingCashInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt060438
IRS990EZ/NetAssetsOrFundBalancesEOYAmt021195
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt060438
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt021195
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0Patrick Tsao
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0President
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherExpensesTotalAmt040691
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0Expand appreciation of Chinese culture and language
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0Expand appreciation of Chinese culture and language
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SchoolOperatingInd0false
IRS990EZ/SpecialEventsDirectExpensesAmt00
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TaxImposedOnOrganizationMgrAmt00
IRS990EZ/TaxImposedUnderIRC4911Amt00
IRS990EZ/TaxImposedUnderIRC4912Amt00
IRS990EZ/TaxImposedUnderIRC4955Amt00
IRS990EZ/TaxReimbursedByOrganizationAmt00
IRS990EZ/TotalExpensesAmt041391
IRS990EZ/TotalRevenueAmt02148
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990EZ/WebsiteAddressTxt0N/A
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt072000
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt010
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt016000
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt015000
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt016300
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0119310
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt00
IRS990ScheduleA/OtherIncome170Grp/TotalAmt00
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct01.00000
IRS990ScheduleA/PublicSupportPY170Pct01.00000
IRS990ScheduleA/PublicSupportTotal170Amt0119310
IRS990ScheduleA/SubstantialContributorsTotAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt072000
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt010
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt016000
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt015000
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt016300
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0119310
IRS990ScheduleA/TotalSupportAmt0119310
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Charity Support $36500
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Educational $4080
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Bank Charges $111
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Other Expenses.1
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Other Expenses.2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Other Expenses.3
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/FederatedAssuranceLevelCd0FAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Patrick Tsao
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-04-11
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Lotus Educational Foundation Inc
ReturnHeader/Filer/BusinessNameControlTxt0LOTU
ReturnHeader/Filer/EIN0371462953
ReturnHeader/Filer/PhoneNum04084468398
ReturnHeader/Filer/USAddress/AddressLine1Txt01131 S De Anza Blvd
ReturnHeader/Filer/USAddress/CityNm0San Jose
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CA
ReturnHeader/Filer/USAddress/ZIPCd095129
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0942362440
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Harvey A Armas CPA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01186 W Shaw Suite 101
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Fresno
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd093711
ReturnHeader/PreparerPersonGrp/PhoneNum05592240424
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Harvey Armas
ReturnHeader/ReturnTs02024-04-11T09:51:08-07:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0Patrick
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0Tsao
ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2023 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$21,195
Liabilities
-
Net assets
$21,195
Revenue
$2,148
Expenses
$41,391
Net income
-$39,243
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$69.7$69.7$76.8$28.3$48.5
2023Detailed filing. Detailed filing data is available for this year.$21.2$21.2$2.15$41.4$39.2
2022Detailed filing. Detailed filing data is available for this year.$60.4$60.4$0.06$10.8$10.7
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$69.9$2.00$67.9$0.00$24.9$24.9
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$95.5$4.91$90.6$45.4$48.1$2.70